The trend estimates of the total and non-residential value of building commenced have not been adjusted for BER and should be used with caution.

The trend estimate of the total value of building work commenced rose 5.0% in the March quarter 2010 and is 42.3% higher than March 2009.

The value of new residential building commenced rose 8.7%. The value of new house commencements rose 6.3% and new other residential commencements rose 13.0%. The value of commencements for alterations and additions to residential buildings rose 2.6%. The value of non-residential building commenced rose by 0.5%.

Value of Work Commenced in Volume Terms, Trend

SEASONALLY ADJUSTED

In seasonally adjusted terms, the estimate of the total value of building work commenced in the March quarter fell 14.5% following a rise of 19.8% in December 2009.

Commencements of new residential buildings rose 1.0% to $9,652.0m. New house commencements fell 2.0%, to $6,804.3m, and new other residential building rose 8.9% to $2,847.7m. Alterations and additions fell 9.2% to $1,568.3m. Non-residential work commenced fell 27.8%, to $8,529.5m.

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